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China should allow cross-border data sharing, financial lobby group says

China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its borders in a national security drive.

Shanghai , China , Beijing , Chinese , Samuel-shen , Sonali-paul , Lyndon-chao , Neuberger-berman , Sumeet-chatterjee , Selena-li , Reuters , Asia-securities-industry-financial-markets-association

Explainer: How MOVEit breach shows hackers' interest in corporate file transfer tools

Ransom-seeking hackers have increasingly turned a greedy eye toward the world of managed file transfer (MFT) software, plundering the sensitive data being exchanged between organizations and their partners in a bid to win big payouts.

Joe-slowik , Raphael-satter , James-lewis , Allan-liska , Fortra-goanywhere , Accellion-inc-file-transfer-appliance , Thomson-reuters-trust-principles , Reuters , Progress-software-corp-prgso-moveit , Progress-software-corp , File-transfer-appliance , United-kingdom-based-pro

Smaller consultancies eye opportunities as China crackdown hits sector leader

Smaller consultancy and due-diligence firms in China reckon they stand to gain once business returns to normal after the shock administered by Beijing's crackdown on firms supplying information deemed too sensitive to be shared with foreigners.

Stockholm , Sweden , Beijing , China , Hong-kong , Washington , United-states , Tokyo , Japan , Shanghai , Chinese , Max-friberg

Spain's Nabiax sells LatAm business to Actis for $500 mln

Nabiax, a Spanish group specialised in data processing centres, has sold its Latin American business to British private equity firm Actis for about $500 million to focus on growth in Spain, it said on Tuesday.

Mexico , Brazil , Chile , Spain , Peru , United-states , Florida , United-kingdom , Argentina , Spanish , British , American

Latent View more than doubles in India debut to cross $1 bln valuation

Shares of Latent View Analytics more than doubled in their market debut on Tuesday, signalling strong investor demand for the profit-making Indian startup days after the listing debacle of digital payments firm Paytm .

Mumbai , Maharashtra , India , Bengaluru , Karnataka , Sherry-jacob-phillips , Santosh-meena , Anuron-kumar-mitra , Rajan-sethuraman , Narendra-solanki , Soumyajit-saha , Abhirup-roy

Security analytics firm Devo Technology valued at $1.5 bln after latest funding

Devo Technology, a security analytics company, said on Tuesday it has raised $250 million at a valuation of $1.5 billion in a funding round led by Silicon Valley venture capital firm TCV.

Bengaluru , Karnataka , India , Shounak-dasgupta , Manya-saini , Gary-reiner , Goppi-vaddi , Thomson-reuters-trust-principles , Devo-technology , Reuters , Silicon-valley , General-atlantic

U.S. group Vantage Data Centres expands to Africa with a $1 bln campus

Vantage Data Centres is investing more than 15 billion rand ($1 billion) in its first African campus in Johannesburg, the U.S.-based company said on Wednesday.

Cape-town , Western-cape , South-africa , Johannesburg , Gauteng , Antoine-boniface , Mark-potter , Thomson-reuters-trust-principles , Microsoft-corp , Reuters , Data-centres , Saharan-africa

No let up in China's aim to curb tech monopolies, says cbank governor

China will continue to curb monopolistic behaviors of internet platform companies and strengthen the protection of consumer privacy and data security, central bank governor Yi Gang said.

Yi-gang , Gansu , China , Beijing , Kevin-yao , Muralikumar-anantharaman , Thomson-reuters-trust-principles , International-settlements-on , Reuters , International-settlements , Thomson-reuters-trust , Acb

Singtel divests Australian tower network to AustralianSuper for $1.4 bln

Singapore Telecommunications has divested a 70% stake in its Australian tower network to superannuation fund AustralianSuper for A$1.9 billion ($1.37 billion), and said it will use the proceeds to fund a 5G rollout and for data centres.

Australia , Bengaluru , Karnataka , India , Australian , Sherry-jacob-phillips , Sameer-manekar , Thomson-reuters-trust-principles , Singtel , Australia-tower-network , Singapore-telecommunications-ltd-singtel , Reuters

UK pursuing data partnerships with U.S. and others

Britain said it would reform the data rules it agreed as an EU member by adopting a "common sense" approach that could help it secure data partnerships with the United States and other nations, immediately drawing a warning from Brussels.

Australia , United-states , New-zealand , United-kingdom , South-korea , London , City-of , Britain , John-edwards , Kate-holton , Giles-elgood , Oliver-dowden